- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

UK Corporate Offence of Failure to Prevent Tax Evasion

The second element is criminal facilitation of that evasion by an associated person of the relevant business.

Action needed by trusts to comply with beneficial owner register requirements Karen Clark

Action is needed by trusts to comply with a new requirement for a beneficial ownership register for trusts operated by HMRC. New trusts within the scope will need to register by 5 October 2017 and information on existing trusts must be provided by 31 Janu

FRANCE: Final wealth tax deadline for non-residents

You should note that where you are eligible to declare for wealth tax the onus is on you to do so.

Revealed: The politicians behind Scottish ‘tax haven’ companies

Under new rules the real owners of such firms – marketed globally as “zero-tax Scottish offshore companies” – must make themselves known.

The UK Double Tax Treaty Passport Scheme – Changes for the UK Loan Market

The UK imposes a 20% withholding tax on interest payments made by a UK borrower to an overseas lender.

InvestingZone calls on HMRC to reform ‘vital’ SME investment schemes

The impact of the changes, which include a seven year rule on eligibility, are already starting to be felt.

Trends in Cross-Border Real Estate Investment and the Changing Tax Landscape

The first part of the report examines how proposed U.S. tax reform could play a role in shaping real estate financing structures and could influence inflows of capital into U.S. real estate.

Private Client: The new residence nil rate band – are your affairs in order?

A review of your will may be required to ensure you get the benefit of the new residence nil rate band

Is HMRC keeping up with tax evaders?

At the start of the year tax evasion and avoidance featured in the news agenda on a regular basis. Despite fewer headlines, tackling this issue still remains an important part of the UK government’s tax agenda, but is HMRC ahead of the game or strug

Why UK's Political Impasse Offers Breathing Space fro Tax Efficient Investors

The objective of the PCR was to identify access barriers to long-term finance for growing firms.

Why it doesn’t pay to own property in Spain through a company

The company has to pay Spanish corporation tax.

Former aide to Princess Diana named on Irish tax defaulters list

Company behind A1 skip bags makes biggest settlement on latest list

U.K. Tax Authority Misses Trust Ownership E-Register Deadline

The tax authority and the Treasury have been further considering responses to the published draft laws.

Complex cases push down HMRC's tax investigation yield

HMRC’s yield from investigations has fallen 10%, from £73 for every £1 spent in 2014/15 to £66 in 2015/16, according to law firm Pinsent Masons

Iceland Proposes A Novel Solution To Tax Evasion

But the most interesting part of this story is what these workgroups recommended be done to combat tax evasion.

Secretive owners of Scottish 'tax haven' firms to be revealed

It should mean that the shadowy owners of Scottish shell companies may finally be exposed.

HMRC remind advisers of 31 August deadline for offshore advice notification letters

Failure to meet the deadline can result in a penalty of £3,000.

How to help your non-dom clients with IHT

Then the election was announced. Suddenly the imperative was to get a semblance of the Finance Bill onto the statute books before parliament dissolved.

Austria: New tax treaty with the UK under negotiation - Deloitte

In essence, the new terms indicate that the contracting states wish to ensure that, following Brexit, qualifying cross-border dividends would remain eligible for an exemption from dividend withholding tax

Accidental Americans want out

It calls on French banks to stop applying the so-called Fatca legislation where they pass account details to the US tax office.